The property of corporate bitcoin is an accelerated trend because five companies and the count have made new acquisitions today. Some of these companies make their first investments, while others add to their stocks.
Addentax plans to spend $ 1.3 billion on Bitcoin, changing its previous plan to start $ 800 million in Trump and BTC. This apparent turning point towards maximalism is reflected by a wide bunch of companies.
Buildings of corporate bitcoin continue
Microstrategy apparently caught lightning in a bottle when it has become a Bitcoin whale, while business actors around the world join it.
Currently, public enterprises buy more BTC than ETF issuers, which in turn exceed world mining production. Just to illustrate how powerful this trend is, five companies have announced substantial BTC acquisitions today:
“Addentax announced today that it had concluded a non -binding term sheet … to acquire up to 12,000 bitcoins, considerably increasing the potential acquisition size from 8,000 BTC originally.
Addentax made the headlines a month and a half ago when he is committed to spending $ 800 million on BTC and Trump. However, it seems that the plan has changed.
Today’s announcement has directly referred to this previous plan, increasing Bitcoin purchases and completely reducing Trump. Apparently, many business players are now focusing exclusively on Bitcoin maximalism.
Some companies such as Defi Development reproduce the strategy with Altcoins, but BTC remains the king. The massive commitment of Adddddirtax is the greatest commitment of today, of course, but other corporate entities definitively double Bitcoin:
At a current price of $ 109,000, H100 spends more than $ 5 million in BTC. MOGO, a Canadian loan platform, authorized the purchase of up to $ 50 million, while Genius Group, the company education group in Singapore, acquired Bitcoin worth $ 2.1 million.
The Swedish K33 only bought 10 BTC, but it is always a huge commitment.
All this business bitcoin investment raises concerns about a new bubble. Many cryptographic companies surpass the assets they hold, which seems extremely unbearable.
How will Defi continue to work if the retail investors cause the greatest crypto-assembly?
In addition, there is another serious concern. Financial advisers suggest that each institutional investor acquires Bitcoin, but many business buyers are in very worse straits.
An increasing number of companies rotate the BTC because their main company of origin loses viability.
The microstrategy itself has drawn such a movement, so it is hardly unknown. However, unpaid losses and forced liquidations are major threats, especially for reckless actors. If the price of Bitcoin takes a fall, it could trigger crises for some of these business holders.
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